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aren't going to come out of gaza towards israel. that is their stipulation. we heard the defense minister ehud barak say today that right out of the gate, what they want most likely is something like a 24-hour period where they can see whether or not hamas is capable of stopping those rockets. so negotiations ongoing and we are hearing some more kind of rumors and hopefulness coming out of cairo that perhaps a cease-fire deal has been reached, but we are waiting to hear confirmation from that and secretary clinton. >> how important is secretary clinton in that process, both in providing some calm, relative calm in that there won't be a ground invasion according to a lot of reports while she is there and she can reach out to egypt in a different way that netanyahu? >> well, there are a lot of people in this region that want the u.s. more involved in this process and for the last four years -- well, arguably the last 12, the u.s. administrations haven't paid too much attention to the palestinian be/israel conflict and now you have -- you have secretary clinton on the ground here se
to government spending could impact public safety. >> i think you should be worried if you have a defense job and we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, whether we're worried about fbi being supported, it's all affected by sequestration. >> joining me now, cnbc washington reporter eamon javers. you heard the numbers we just ran down. what is the short-term tangible consequence if we don't get action on the fiscal cliff. >> cote is right, it does cause uncertainly. life is uncertain and so they know that there's going to be this issue and that washington is going to wrestle with it. in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy u
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